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Slow economic growth persists

January 30, 2015

As foretold in BE, Rupee has touched almost Rs. 70 to a dollar. Can you believe it? Former RBI Governor Subba Rao blamed the Government. He said “Domestic Economic structural factors were not good. We have been running a Current Account Deficit (CAD) well above the sustainable level for three years in a row. The CAD was estimated at USD 88.2 billion or 4.8% of the GDP in 2012-13 – far above the RBI’s comfort level of 2.5%”…As foretold in BE, Rupee has touched almost Rs. 70 to a dollar. Can you believe it? Former RBI Governor Subba Rao blamed the Government. He said “Domestic Economic structural factors were not good. We have been running a Current Account Deficit (CAD) well above the sustainable level for three years in a row. The CAD was estimated at USD 88.2 billion or 4.8% of the GDP in 2012-13 – far above the RBI’s comfort level of 2.5%”…As foretold in BE, Rupee has touched almost Rs. 70 to a dollar. Can you believe it? Former RBI Governor Subba Rao blamed the Government. He said “Domestic Economic structural factors were not good. We have been running a Current Account Deficit (CAD) well above the sustainable level for three years in a row. The CAD was estimated at USD 88.2 billion or 4.8% of the GDP in 2012-13 – far above the RBI’s comfort level of 2.5%”…As foretold in BE, Rupee has touched almost Rs. 70 to a dollar. Can you believe it? Former RBI Governor Subba Rao blamed the Government. He said “Domestic Economic structural factors were not good. We have been running a Current Account Deficit (CAD) well above the sustainable level for three years in a row. The CAD was estimated at USD 88.2 billion or 4.8% of the GDP in 2012-13 – far above the RBI’s comfort level of 2.5%”…

- by admin